This resolution was introduced amidst media reports that the Palestinian Authority would soon seek recognition of a Palestinian state from the U.N. The language of this resolution is harsher and more demanding of the Obama administration than that a similar resolution which was passed instead (H. Res. 1765 of 12/15/10), but the substance of the two is largely the same.
One clause in this resolution that is not echoed in the version that passed would have called on the Obama administration to:
(1) affirm that the U.S. would deny support of any kind (i.e. economic or security aid) to any unilaterally declared Palestinian state;
(2) urge other nations to do the same; and
(3) make clear that any declaration would 'constitute a grievous violation of the principles underlying the Oslo Accords and the Middle East peace process.'
See also: identical measure H. Res. 1734 of 11/29/10 and similar measure H. Res. 1765 of 12/15/10.